SSY Calculator
Calculate Sukanya Samriddhi Yojana maturity value and plan your daughter's financial future with this free calculator.
Total Deposited
₹22,50,000
Total Interest
₹49,32,127
Maturity Value
₹71,82,127
Maturity Age
22
Growth Over 21 Years
₹71,82,127
| Year | Deposited | Balance |
|---|---|---|
| 1 | ₹1,50,000 | ₹1,62,300 |
| 2 | ₹3,00,000 | ₹3,37,909 |
| 3 | ₹4,50,000 | ₹5,27,918 |
| 4 | ₹6,00,000 | ₹7,33,507 |
| 5 | ₹7,50,000 | ₹9,55,955 |
| 6 | ₹9,00,000 | ₹11,96,643 |
| 7 | ₹10,50,000 | ₹14,57,068 |
| 8 | ₹12,00,000 | ₹17,38,848 |
| 9 | ₹13,50,000 | ₹20,43,734 |
| 10 | ₹15,00,000 | ₹23,73,620 |
| 11 | ₹16,50,000 | ₹27,30,557 |
| 12 | ₹18,00,000 | ₹31,16,763 |
| 13 | ₹19,50,000 | ₹35,34,638 |
| 14 | ₹21,00,000 | ₹39,86,778 |
| 15 | ₹22,50,000 | ₹44,75,994 |
| 16 | ₹22,50,000 | ₹48,43,026 |
| 17 | ₹22,50,000 | ₹52,40,154 |
| 18 | ₹22,50,000 | ₹56,69,847 |
| 19 | ₹22,50,000 | ₹61,34,774 |
| 20 | ₹22,50,000 | ₹66,37,825 |
| 21 | ₹22,50,000 | ₹71,82,127 |
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,50,000 | ₹12,300 | ₹1,62,300 |
| 2 | ₹1,50,000 | ₹25,609 | ₹3,37,909 |
| 3 | ₹1,50,000 | ₹40,009 | ₹5,27,918 |
| 4 | ₹1,50,000 | ₹55,589 | ₹7,33,507 |
| 5 | ₹1,50,000 | ₹72,448 | ₹9,55,955 |
| 6 | ₹1,50,000 | ₹90,688 | ₹11,96,643 |
| 7 | ₹1,50,000 | ₹1,10,425 | ₹14,57,068 |
| 8 | ₹1,50,000 | ₹1,31,780 | ₹17,38,848 |
| 9 | ₹1,50,000 | ₹1,54,886 | ₹20,43,734 |
| 10 | ₹1,50,000 | ₹1,79,886 | ₹23,73,620 |
| 11 | ₹1,50,000 | ₹2,06,937 | ₹27,30,557 |
| 12 | ₹1,50,000 | ₹2,36,206 | ₹31,16,763 |
| 13 | ₹1,50,000 | ₹2,67,875 | ₹35,34,638 |
| 14 | ₹1,50,000 | ₹3,02,140 | ₹39,86,778 |
| 15 | ₹1,50,000 | ₹3,39,216 | ₹44,75,994 |
| 16 | ₹0 | ₹3,67,032 | ₹48,43,026 |
| 17 | ₹0 | ₹3,97,128 | ₹52,40,154 |
| 18 | ₹0 | ₹4,29,693 | ₹56,69,847 |
| 19 | ₹0 | ₹4,64,927 | ₹61,34,774 |
| 20 | ₹0 | ₹5,03,051 | ₹66,37,825 |
| 21 | ₹0 | ₹5,44,302 | ₹71,82,127 |
What is Sukanya Samriddhi Yojana?
Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme launched under the Beti Bachao Beti Padhao campaign. It is designed to secure the financial future of a girl child in India. An account can be opened for a girl below 10 years of age at any post office or designated bank, and it matures when she turns 21.
Current SSY Interest Rate
The current SSY interest rate is 8.2% per annum, compounded annually. This is one of the highest interest rates among all government small savings schemes, reviewed quarterly by the Ministry of Finance. SSY consistently offers better returns than PPF (7.1%) and bank FDs.
SSY Key Rules
- Deposits are required for the first 15 years only — the account continues to earn interest until maturity at year 21
- Minimum deposit: ₹250/year, Maximum: ₹1,50,000/year
- Partial withdrawal of up to 50% of the balance is allowed when the girl turns 18, for higher education expenses
- Enjoys EEE (Exempt-Exempt-Exempt) tax status — investment deductible under 80C, interest tax-free, maturity tax-free
- Premature closure allowed after 5 years in case of extreme hardship or death of the account holder
SSY vs PPF
Both SSY and PPF enjoy EEE tax status, but there are key differences:
- Interest rate: SSY (8.2%) is higher than PPF (7.1%)
- Eligibility: SSY is only for girls below 10, PPF can be opened by anyone
- Maturity: SSY matures in 21 years, PPF in 15 years (extendable in 5-year blocks)
- Deposit period: SSY requires deposits for 15 years, PPF for the full tenure